73°F
weather icon Clear

Real Estate News

Sorry, you just can’t quit your HOA

Sorry, an individual homeowner cannot opt out of their homeowner association. Under Nevada Revised Statutes 116.2118, an association can be terminated, which is a complex process that requires the support of the membership.

REAL ESTATE BRIEFS

More than 50,000 expected to attend first full-scale parade since the pandemic with new additions, return of popular favorites, professional sports teams, record number of giant inflatable balloons and veterans and military groups. The event will be held 9 to 11 a.m on July 4. Escort division commences at 8:30 a.m.

REAL ESTATE BRIEFS

Cushman Wakefield has advised on the sale of The Lennox, a luxury apartment community in Las Vegas, Nevada. Constructed in 2015, the 100-unit “A” class multifamily asset is located at 430 E Cactus Road and sold to an undisclosed buyer for $38.5 million, or $385,000 per unit.

HOA unsure how to deal with ‘Let’s go Brandon’ sign

Q: I am the president of a very small homeowners association community. We have a resident who has placed a “Let’s go Brandon” sign in their front window.

Homeowner wants HOA to charge investors for tenant problems

Unless your CCRs has a section that allows higher monthly association fees on owners who violate regulations, you would not be able to increase the investors a higher fee.

THE LATEST
Homeowners unhappy about landscaping company

Homeowners do have the right to request in writing a copy of the signed contracts. Since the proposals are association records, a homeowner could request a copy of them as well.

REAL ESTATE BRIEFS: MARCH 26

NAIOP, the commercial real estate development association, recently honored the NAIOP Southern Nevada Chapter with Chapter Merit Awards (CMAs) for outstanding leadership by a chapter president, volunteer of the year, education and legislative affairs.

Coldwell Banker Premier Realty holds awards event

Local real estate brokerages Coldwell Banker Premier Realty and Coldwell Banker Commercial Premier recognized its top-producing sales associates of 2021 during an awards celebration last week at the House of Blues inside Mandalay Bay featuring keynote speaker, Liz Gehringer, president of affiliate business at Coldwell Banker Real Estate LLC.

Police respond to tenant causing disturbance in community

The association cannot evict the tenant but could issue a violation letter that would be sent to the unit owner. Owners are responsible for the actions of their tenants and guests. If the disturbance was serious enough, a health, safety welfare violation could be issued.

REAL ESTATE BRIEFS: MARCH 19

United Construction Co., a general contractor and design-builder serving Northern and Southern Nevada industrial and commercial markets, has named Edward “Ed” Morgan as their new chief financial officer, beginning March 7. This announcement comes as UCC’s beloved CFO Brad Breach announces his retirement after 35 years of professional service to the company.

REAL ESTATE BRIEFS: MARCH 12

Commercial Alliance Las Vegas (CALV) is presenting an in-person class on March 11 on “Discovering Commercial” for those in or considering a career in the commercial real estate industry.

HOA tows car with out required 24-hour notice

Without reviewing any of your rules and regulations, it would appear to me that the towing of your vehicle was improper based upon the towing laws.

Vegas run of record home prices continues

A recent Las Vegas Realtors (LVR) report shows the local housing market continuing its run of record home prices and an increasingly tight housing supply.

REAL ESTATE BRIEFS: MARCH 12

CAMCO (Complete Association Management Co.) of Nevada used the Valentine’s Day holiday to help two employees navigating a recent loss.